Associate Asset Manager Jobs

Overview
April Housing is a leading owner and operator of high-quality affordable housing throughout the United States. Founded in 2022 and headquartered in Los Angeles, April Housing is the asset management business that oversees Blackstone's affordable housing and LIHTC portfolio. April oversees a portfolio of over 80,000 affordable housing units in approximately 600 communities and continues to invest in the sector, recently branching into development. April Housing seeks to preserve critical affordable housing stock while providing best in class management and high-quality housing. April is committed to being a fair, transparent, and responsible owner.
April Housing’s long-term commitment to owning affordable housing is supported by Blackstone Funds, predominantly BREIT, a non-listed REIT. This perpetual capital vehicle provides April with a patient and flexible source of capital and plays a critical role in enabling the creation and preservation of more affordable housing. In addition to managing a growing portfolio, April Housing will ensure assets in the existing portfolio remain affordable and in compliance with all rent regulations while making significant improvements and aligning the operations with April Housing's Standards of Excellence in Residential Operations.
In its pursuit of excellence, April Housing is looking for individuals who share in its mission to provide high-quality housing to affordable residents.
Job Summary
We are seeking an Associate Asset Manager to join the company’s Asset Management team. Working in partnership with Blackstone and April Housing leadership, the Associate Asset Manager will assist in implementing the strategic direction for their region and will be responsible for maximizing the operating performance and value of their assigned portfolio.
As of the date on which this job advertisement is posted, the Company anticipates that the base salary range for this role is $99,000-$137,000, 20% bonus target (this represents the presently-anticipated low and high end of the Company’s base salary range for this position). Total direct compensation may also include discretionary bonus and/or incentive compensation. Actual base salary range may vary based on various factors, including but not limited to location and experience.
Responsibilities

• Maintain effective lines of communication with all partners, management companies, and internal departments
• Recommending methods to strategically improve portfolio performance to improve cash flow and increase value
• Analyze neighborhood or market conditions and trends, identifying the potential impact on the existing portfolio
• Prepare investment recommendation reports for new construction and rehabilitation including a market assessment, proposed construction scope, and accompanying operating proforma
• Reviewing monthly and year to date property and portfolio operating performance
• Schedule and evaluate periodic compliance reviews
• Physically inspect each property within their portfolio with regular cadence
• Prepare periodic property management company reviews based on asset performance and in-person talent evaluations

Qualifications

• Strong communication skills
• Financial acumen
• Leadership ability
• Personal commitment to making a positive difference in affordable housing
• 5+ years of real estate experience, with a preference for multifamily asset or portfolio management
• Microsoft Excel proficiency required
• Bachelor’s Degree – preferably in Real Estate or Finance, but not a requirement
• Experience in Affordable Housing preferred, but not required

What we offer:
At April Housing, we are committed to a singular mission: providing best-in-class management and high-quality housing for residents who earn less than the area’s median income. You will be joining a dedicated team who live this mission every day.
And we’re growing! “April,” which means “to open,” aligns with our goal of opening new paths to expand the supply of affordable housing and close America’s affordability gap. Over the next decade, we intend to invest over $500 million to improve our communities while keeping rents affordable for our residents.
And of course, we offer competitive pay and a full slate of benefits.
If any of this sounds interesting, apply today, and help us close America’s affordability gap!
EEO Statement
The Company is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including, but not limited to: veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed (including religious dress and grooming practices), sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy (including childbirth, lactation or related medical conditions), age, national origin or ancestry, citizenship, physical or mental disability, genetic information (including testing and characteristics), protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email [email protected].